New Bankruptcy Law Now In Effect

On May 9, 2005, I posted a FAQ on the new bankruptcy law. As I stated, on October 17, 2005, all the provisions of the new bankruptcy law will be effective. So, all bankruptcy filings from today will be governed by the new bankruptcy law.

On a related note, the Bankruptcy Courts have adopted interim rules for filings from today on. Formal rules normally take many months, so they just adopted interim rules.